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Shah Rukh, Gauri served show-cause notices

New Delhi: Actor Shah Rukh Khan and his wife Gauri, who promote IPL franchise ‘Kolkata Kinght Riders’, and Jaipur IPL Cricket that promotes ‘Rajasthan Royals’ have been issued show-cause notices for alleged violation of the Companies Act.

“After expiry of notice period, criminal proceedings will be filed against the companies and the directors,” the Registrar of Companies (RoC), Mumbai, informed the Ministry of Company Affairs.

The notices were issued to the companies and their promoters, directors for not filing mandatory yearly returns.

The MCA, on Wednesday last, had directed the RoC to collect within a week all details on IPL franchisees, including the bidding process, sweat equity and memorandum of association.

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